(Solution) Unit 7 - Business Law
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Added on 2020-12-29
(Solution) Unit 7 - Business Law
Added on 2020-12-29
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Business Law Unit 7
INTRODUCTIONBusiness law is that law which is governing commerce and business regarded to asbranch of civil law which is dealing with both private and public law. This law will be regulatinghiring practice, manufacturing, sale of goods and corporate contracts. The United Kingdomcompany law will regulate all companies and corporation which are formed under CompaniesAct 2006. The project report will outline the different sources of law in UK. The project reportwill further explain various laws like contract, employment and company law and their impacton business. This will further continue with type of business organisation and the way in whichthey are formed in legal way out. The report will also cover the type of business organisation likesole proprietorship, partnership and corporation by including how will they be managed andfunded. In addition to this the report will cover recommendation regarding the correct legalsolution in way of resolving range of dispute.ACTIVITY 1P1. Various source of lawSources of law – The sources of the law are the origin form where the law is beingobtained. The source of law binding the rule that enable any state to govern its region.Different sources of law are as follows - Parliament and statute –The Parliament of UK is having highest and supreme powerover all other political parties so this is called to as supreme legislative body. Parliament is alsohaving power over the overseas territories which mean that it is regulating the trans-borderactivities as well. Thus this parliament is having mainly 3 parts which are primary chambersincluding House of Lords, House of Commons, Sovereign Queen of parliament.Judiciary – Judiciary is made up of judges and courts which are termed to as JudicialBranch of government they are appointed by the president of UK and confirmed with Senate(Hill, 2017). The judiciary is divided into 3 legal systems including Scotland, England, Walesand Northern Ireland. The supreme court of UK was established in October 2009 which isfollowing Constitutional Reform Act 2005.European Union –This comprise of about 28 members state of European nations ofpolitical and economic union. There are 2 courts under European Union namely Court of Justiceand General Court both of them dealing into different target (Wettstein, 2015). All the citizen ofEU are having right to vote directly into election of parliament within EU. The General court of1
justice will be dealing with all cases which are pertaining with company and individuals. WhileCourt of Justice is based on cases of institution and member statesVarious laws an Organisation follow:-Employment Rights Act 1996 –This is the act of parliament of UK which is laid downfor the rights and duties of employees who are working in factories, companies and other fieldwork. The Employment right act was introduced in 1996 by changing the existing law which wasrelated with UK labour law. The act protects all employees against time of rights, unfairdismissal from their duty, flexible working hours (Payne, 2018). This also illustrates aboutemployee’s particular terms and condition in written form and it is also mentioned thatemployees should be given the contract of working within their 2 months of joining.Employment right act 1996 will also be paying time off for work for the public duties anddismissal of health and safety related Company Act 2006 – The Companies Act 2006 is an act of parliament of the UnitedKingdom. The Act systematizes to a certain existing common law principles. It implements theEuropean Union's Takeover. The Companies Act introduces various new provisions for thepublic and private companies (Types and forms of the business, 2018). The Companies Act 2006amends almost all the Companies Act 1985. The Companies Act has a certain provisions relatedto the Company's formation, constitutional documents, corporate capacity and share capital. Theauditors are permitted to limit their liability in the companies Act 2006. General Data protection regulation 2018 –This regulation is based on protection andprivacy setting of individuals who are citizen of European Union and European Economic Union(EEA). The General Data protection regulation is making provision against possession ofpersonal data with use of intelligence service. The act introduces the new offences and disclosingthe personal data. The General Data Protection Act implements the European Union Law &Enforcement directive.Health and safety Act 1974 – Under this act there are all duties and responsibilities ofemployer, employee and companies are laid down for providing and maintaining health andsafety within workplace. This act was laid down in 1974 by the Parliament of UK so thatextensive system of specified provision which is related to industries and risk (Conley, Torbusand Joanna, 2019). Health and safety act will be comprising of healthier and safer environmentfor all employees and people working within industries for maintaining risk free environment.2
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